S&P cuts Alpha Natural view

Standard & Poor's said it affirmed its ratings, including the BB- corporate credit rating, on Alpha Natural Resources Inc. and revised the outlook to negative from stable.

"The rating affirmation and negative rating outlook reflect our expectations that the domestic steam coal market will remain challenged with the possibility of additional production cuts, while 2013 metallurgical (met) coal prices will likely improve as the global economy improves, benefitting from strong global demand and limited supply," said S&P credit analyst Maurice Austin in a news release.

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